AIRSIS’ revenue for 2013 was approximately $7 million, and its future financial results will be included in Oceaneering’s Subsea Projects segment.

Oceaneering explains that this acquisition is expected to enhance its current asset tracking service offered on offshore drilling rigs and vessels engaged in subsea activities. Asset tracking information is utilized by customers to establish a common operating picture, which improves operational efficiency and enables incident and emergency response collaboration and reporting.

Oceaneering adds that it is committed to servicing AIRSIS’ existing customers, including its 3,000 PortVision (www.portvision.com) users, and growing its presence internationally by leveraging Oceaneering’s global footprint.

PortVision's Dean Rosenberg comments: "I am pleased to announce that PortVision and its parent company, AIRSIS Inc., has been acquired by Oceaneering International. Oceaneering has a 50-year history of delivering ground-breaking products, services, and solutions in the maritime and energy sectors. With the support of Oceaneering, AIRSIS and PortVision will continue to deliver all of the products and custom solutions that we do today. But we will go forward with the resources and support of a 12,000 employee global company."

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